 Investment
Campaign
Measurable goals and objectives
• Work to secure 7,500 new jobs and/or a new payroll of at least $173,700,000
annually for the region by 2008.
• Realize $750,000,000 in new capital investment within the region by
2008.
• Assist in incubating at least 15 new technology-based businesses by
2008.
• Retain at least 6,183 jobs by November 2005 and attract at least one
new mission associated with Ellsworth Air Force Base by 2008.
• Provide home ownership opportunities for 400 low-income families throughout
the region by 2008.
• Bring about 20% increase in air passenger traffic by 2008.
• Number of New
Primary Jobs 7,500
• Primary Wage Rate Paid (hourly) $11.58
• Total Direct Payroll $173,700,000
• Total Payroll $257,076,000
• Total Jobs 13,650
• Calculated Indirect Jobs Created
6,150
• Calculated Indirect Wage Rate Paid
(hourly) $6.52
• Personal Income $167,099,400
• Disposable Personal Income $141,215,703
• Net Personal Consumption Expenditures
$131,951,953
• Deposit Potential for Area Financial
Institutions $14,733,505
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The Impact
 Funds
raised in this initiative will enable the area to secure nearly $9.5 Million
in needed projects. Currently public funds have been set aside for $6,487,000
or 68 percent of the total. The private sector will be asked to invest
$3,000,000 or 32 percent of the project totals.
The $9.5 Million set aside for economic development today will result
in 7,500 jobs and an increased payroll of $173,700,000. For every dollar
invested in economic development today, the Black Hills will receive $18.28
in increased annual revenue based on the increased payroll alone.
Black Hills Vision - Investment Campaign
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